ESR-Reit eyes S$111m sale and leaseback deal with Hyflux
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Singapore
THE trustee of ESR Real Estate Investment Trust (ESR-Reit) is set to acquire a Tuas South property at an estimated cost of S$111 million from water treatment specialist Hyflux primarily for the purpose of leasing it back to the latter.
ESR-Reit's trustee has entered into an option agreement with Hyflux for the sale and leaseback of the property at 8 Tuas South Lane.
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